18200 In sight
As mentioned in previous posts, next real support is around 18211. I say around because this panic selling is likely to cause us to overshoot before a bounce above and then test of the support. That has been the pattern as this bearish channel continues to form. We are over due for a run up, to test and further define the upper boundary of this decline and all signs indicate that the 18000-18400 area will be the platform for it.
Given the close proximity of the cross indicated on the chart with 18211 , increased volatility and more selling should be expected over the next 2 days.
This is not a time to panic, personally I will be looking at FAS, for a increased upside potential with a small downside risk. Nothing big just sticking a toe in the water until we get confirmation of a substantial bounce under way.
Given the close proximity of the cross indicated on the chart with 18211 , increased volatility and more selling should be expected over the next 2 days.
This is not a time to panic, personally I will be looking at FAS, for a increased upside potential with a small downside risk. Nothing big just sticking a toe in the water until we get confirmation of a substantial bounce under way.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.